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General Discussion / Re: [MetaExchange] dev-metaexchange.monsterer development diary
« on: June 03, 2015, 04:42:39 pm »
Great Work!
I will try it out today.
I will try it out today.
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Why are you running 6 delegates. A lot of voters would be turned off by such large number of delegates run by the same person from the same location.
Low market cap, low transactions, low liquidity, and low user adoption are even bigger turn offs I think.
Our Delegate bid hits on raising all that among other things. You are welcome to explore the why at http://vote.bunkermining.com that is stated at the very beginning.
The need for 6 is was only driven by community support and the ow market cap reality of bitshares for what is required of this operation.
Voting for our delegates means a vote for higher market cap and raising BitShares standing in the crypto space overall.
I also think having delegates elected that don't even have servers operational is far worse, which was what this thread is about.
If the idea that someone operating 6 delegates who is building up bitshares and maintaining responsible delegate infrastructure for the network in contrast to that is somehow a turn-off in contrast to having delegates in the 101 that dont' even exist, then I can't argue that.
Keep in mind we already have someone (btsnow) with 4 delegates for a long time now, and Bitshares has survived.
Moonstone has had designs to get 5 Delegates elected as part of their crowdfund.
Our bid is quite different though.. everything we do flows back to BitShares and creates a buy/sell market pressure that is consistent day to day. We need to expand.. now.
Not sure how having Bitshares eco-system buying PoW waste is beneficial to Bitshares, I thought the whole idea of PoS is to avoid such waste. The entire idea of "minebitshares.com" is ridiculous to me.
Six 100% delegate controlled by one person from one location, if elected, would be an example of failure of DPoS. In this case, yes two non-operational delegates would be preferable to six 100% delegates controlled by the same person. Especially this person is spending the money on buying PoW waste.
You do realize that most of the benefits will be the same for any other pegged crypto? If they don't charge a premium then it is game over. for us.
I just wanted to point out that it is in fact sumantso's statement you have quoted here bytemaster (a quote from sumantso pulled out of one of lil_jay890's posts).
So you want to destroy the dev staff?No , I just want dev staff can gain more usd by 100% pay delegate
What you propose does not make sense. Wait until DPoS 2.0 and THEN decide. It's only a few short days ahead.
it's the same as bitcoin. Everyone pays a fee to buy bitcoin, so why would people want to buy bitcoin just to spend it (and lose some cash value in the process)?
and if BitUSD is doomed because it takes a premium to purchase some with fiat then so is bitcoin (and every other crypto that requires a certain premium of time, money, and energy to purchase it from fiat. Therefore anybody here who is complaining about this aspect is either trying to spread FUD about BitShares, or they have sold all their bitcoins because they are doomed to fail because Coinbase charges a premium to purchase bitcoins, and this premium will be the downfall of bitcoin because "nobody will ever spend bitcoins because of this fact"
So which logical explanation is it naysayers?
Have you sold your bitcoins and crypto because they cost a slight value premium to purchase and you know that bitcoins (like BitUSD) are bound for failure because of this fact?
Or are you purposefully trying to spread FUD about an identical characteristic that both BitUSD and bitcoin possess?
Or I guess there is one other logical explanation.
You have been enlightened to the fact that bitcoin has already proven that "requiring a premium to purchase a crypto" has not hurt its standing as number 1 crypto on the planet.
Everybody here knows that a crypto costs a premium over fiat (especially the most widely used crypto in the world). In fact, we've embraced this fact and are already speculating if this premium will be in fact "more or less" than that which Coinbase charges for bitcoin.
https://bitsharestalk.org/index.php/topic,16527.0.html